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Champions of free trade want the UK to join the Trans-Pacific Partnership, an agreement between 11 countries around the Pacific Rim including Australia, Canada, Chile, Japan, Malaysia, Mexico, Singapore and Vietnam. The breakneck speed at which the Prime Minister nailed down a deal with the EU has raised hopes that the UK can rapidly secure deals and exploit opportunities to boost trade and grow the economy. Victoria Hewson, a trade expert at the highly influential Institute of Economic Affairs, pushed for the UK to join the Pacific nations’ tradin
Victoria Hewson, a trade expert at the highly influential Institute of Economic Affairs, pushed for the UK to join the Pacific nations’ trading group – technically known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – which in 2018 accounted for 13 percent of global GDP.
She said: “I think we definitely should be pursuing that. That’s absolutely vital.
“That should be a real priority because that would really open up huge markets and show a real level of ambition. Signing up to a trans-Pacific partnership from our little perch on the edge of the Atlantic would be a fantastic symbol as well as a really substantive pro-free trade move.”